Wednesday, March 16, 2016

Today I have Jessica Uphoff with me, and she works with Legacy Mutual Mortgage. She’ll be giving us some tips on what buyers can expect from this market and how they can take advantage of mortgage loans available to them.Jessica says that buyers need to know the difference between a pre-approval and a pre-qualification. A pre-qualification is when you simply speak over the phone with someone about your finances, and it doesn’t solidify anything. Your documents aren’t reviewed, and this essentially means nothing to a seller.

A pre-approval is much more important. This is a much more thorough review of your income and assets. You’ll need one of these if you want to stand a chance in the Denver market.

Jessica also recommends that buyers find a local lender with a good reputation in Denver. She also recommends being prepared, because a lot of documentation will be required on your end. There are lots of regulations involved in lending, and that’s just a fact of life today. For more experienced buyers in the Denver market, Jessica recommends getting creative with your down payment. You can take out a 401k loan or research some down payment assistance programs. Everyone qualifies for these but they are income-limited. Because the Denver real estate market is so hot, you’ll need to be prepared to act quickly in order to find the home that you want. The sooner you buy, the better off you will be in this market. Interest rates are only climbing higher, so it’s best to lock in a low rate right now.If you have any further questions, don’t hesitate to contact me!

About

The Griffith Home Team understands how important the decision to buy or sell a home is to you and your family. That’s why our goal is to listen to our clients and deliver the best possible service in the industry. Whether you´re a first-time home buyer or an experienced investor, we can help guide you through the process of buying or selling a home. Founded in 2013 by two brothers, Dustin and Chad Griffith, we are a family run business and that’s exactly how we treat our clients, “as part of the family.”

In order to meet the needs of today’s sellers and buyers, our team is designed to provide you with the best experience and expertise no matter what part of the Denver-metro you are looking in. From Fort Collins to Castle Rock, the Griffith Home Team has you covered. Dustin manages our north Denver team and specializes in the northern Denver market while Chad manages our south office and business.

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Client Testimonials

Brittany - "Working with Chad was great! Chad was really excellent about helping us position our offer. Even though there were two other offers on the home, we were able to put in a competitive offer. All throughout the contract process, his team was excellent in terms of communicating with us, answering all of our questions, and recommending other vendors. They were just really on top of it! Everything went really smoothly!"

Jennifer - "Our results were awesome while working with Dustin! He was looking for a house for us while we were in California and he ended up finding us a beautiful house! Dustin really went the extra mile. I can think of many times where he went above and beyond for us!"

Tammy - "We have sold one house, purchased another house, and purchased a property for our company with Dustin. Through each transaction, there were many things he did to help us, including walking us through homes and looking up paperwork for the land that we purchased for our company’s building. He was very knowledgeable about the building construction process. We really appreciated his business as a whole -- the girls that work with him were very helpful. There were numerous times when he went above and beyond!"